Consider buying a call option on June lean hog futures.
See on the daily bar chart for June lean hogs that price action late last week produced a strong upside reversal from the contract low. It appears that the bears became exhausted at the lower price levels seen late last week. Last week’s price action hints that a market low is now in place. Seasonal studies also show that lean hog futures prices tend to rally from the April timeframe into the September timeframe. Consider buying a call option on June lean hog futures, with an upside price objective of $98.00, or above. The option expires in mid-June.
